After the non-farm payroll data was released yesterday, expectations for a rate cut in December rose to 85%, up from 66%.

On the 18th, not only will the rate cut decision be announced, but Powell will also hold a press conference, and the dot plot and economic forecasts will be released.

Therefore, the 18th is very likely to be an inflection point, and with the continued rise in rate cut expectations, a favorable environment may be welcomed before the New Year.